Backchat: Fearing inflation, and investing against Trump

This column first appeared in the current (Summer 2020) issue of AsianInvestor magazine. With interest rates across the world having been slashed to record lows, the spectre of inflation is not one that is giving many people pause right now. That’s understandable; recessions are the greatest fear of governments and central banks at the moment. The worry is that there is not enough buying – masks, hand sanitisers and alcohol aside – and too much unemployment, not any danger of sp…